The following is a summary of the Getinge AB (GNGBF) Q2 2024 Earnings Call Transcript:
Financial Performance:
Getinge reported a 15.7% increase in net sales and 14.4% growth in order intake in Q2 2024.
Adjusted EBITDA margin improved by 4.9 percentage points year-on-year.
Gross profit increased by SEK837 million to SEK4,151 million, with adjusted gross margin improving across all business areas.
Business Progress:
Launched Poladus 150, an advanced low-temperature sterilizer, and received 510(k) clearance and EU MDR approval for new products.
Presented an updated earnings per share target with an average growth of over 12% for 2024-2028 during the Capital Market Update.
Advanced the quality improvement for products like Cardiosave and Cardiohelp and made progress towards sustainable productivity improvements.
Opportunities:
The company continues to see good market opportunities in Asia Pacific, expecting strong demand for healthcare.
Recent acquisitions are expected to contribute to 3-5 percentage points of growth, complemented by 2-5% expected organic net sales growth.
Risks:
Quality-related challenges in Acute Care Therapies remain a priority.
Regulatory hurdles with pending CE mark approvals for new ECMO packaging.
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